731 4th Ave,Detached, Quadruplex, Quadruplex, Fourplex, Progresso

731 4th Ave, Fort Lauderdale, Florida, 33311

Price $624,000.00

  • Lot size 2543
  • Year Build 1954
  • Waterfront
  • Zip 33311
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active With Contract

Description

5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit! This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.

Two 1BD/1BA units rented at $1208/m, Two 1BD/1BA units at $1137/m, and Studio at $1059/m. Gross Income $69,000/yr approx. The roof is in great shape, ceramic file floors throughout. 4 of the units have NEW kitchens (new cabinets/hardware/countertops/stone backsplash), NEW toilets, bathroom vanities, Medicine Cabinet Mirrors, Light fixtures, New Ceiling Fans etc. 3 units also have new baseboard installed.

PROGRESSO 2-18 D LOT 9,10 BLK 282

Less Than 1/4 Acre Lot

5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit! This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.

City:Fort Lauderdale,Zoning:RMM-25,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2020,Latitude:26.1324676,Malone Id:2094270898,Cooling Y N:1,Heating Y N:1,List Price:624000,Listing Id:A11074275,Longitude:-80.1481136,Mls Status:Active With Contract,Year Built:1954,Living Area:2543,Postal Code:33311,Street Name:4th Ave,Contingency:Pending Inspections,Coordinates:1:26.1324676,Photos Count:6,Building Name:PROGRESSO,Days On Market:54,Listing Terms:1:Cash,2:Conventional,3:Exchange,Lot Size Units:Square Feet,M L S Area Major:Progresso,On Market Date:2021-07-22,Parcel Number:494234070060,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Pest Control,2:Sewer,3:Trash Collection,4:Water,Stories Total:1,Street Number:731,M I A M I R E_ Style:Fourplex,Public Remarks:5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit! This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2021-10-31,Private Remarks:Two 1BD/1BA units rented at $1208/m, Two 1BD/1BA units at $1137/m, and Studio at $1059/m. Gross Income $69,000/yr approx. The roof is in great shape, ceramic file floors throughout. 4 of the units have NEW kitchens (new cabinets/hardware/countertops/stone backsplash), NEW toilets, bathroom vanities, Medicine Cabinet Mirrors, Light fixtures, New Ceiling Fans etc. 3 units also have new baseboard installed.,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:7349,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PROGRESSO,Tax Annual Amount:6717,Unparsed Address:731 NW 4th Ave, Fort Lauderdale FL 33311,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:2543,Building Area Units:Square Feet,Lot Size Square Feet:2543,M I A M I R E_ L P Amt Sq Ft:245.3795,Original List Price:625000,Previous List Price:625000,Public Survey Range:49,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),3:Other Available Information,4:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:5 UNIT MULTI FAMILY PROPERTY IN THE FAST DEVELOPING PROGRESSO VILLAGE NEIGHBORHOOD, 3 BLOCKS FROM FLAGLER VILLAGE/DOWNTOWN FT LAUDERDALE! OPPORTUNITY FOR OWNERS & INVESTORS (CASH BUYERS/1031 EXCHANGE WELCOME). GREAT RETURNS! Gross Rent: $69k; NOI: $52,250. Seller open to selling LLC for added tax benefit! This is a Legal 4-plex operating as 5 units (2/2 converted into a 1/1 + a Studio). Total of FIVE rents collected monthly. Zoned RMM-25 (Residential Medium Density Mid-Rise). Has 5 marked Parking Spaces. The building is fenced in for security. All units have individual electric meters. Owner pays Water/Sewer/Trash Removal/Landscaping. ALL units RENTED w/ annual leases/security deposits. Low maintenance costs (Water/Utility etc) CAP 8.3%. DO NOT DISTURB TENANTS! PROOF OF FUNDS REQUIRED.,Listing Contract Date:2021-07-22,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:24 Hour Notice,Appointment Only,Call Owner,Street Number Numeric:731,Tax Legal Description:PROGRESSO 2-18 D LOT 9,10 BLK 282,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:2543,Contract Status Change Date:2021-09-03,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:245.38,Internet Automated Valuation Display Y N:1,

  • Price $624,000.00
  • Price Change: 2021-08-17
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1954
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Ceramic Floor
  • Property Type Residential Income
  • Status Active With Contract
  • Listed 2021-08-17
  • Days on Market 61
  • Furnished
  • City Fort Lauderdale
  • Zip 33311
  • State Florida
  • Subdivision PROGRESSO
  • Development Name PROGRESSO, Progresso
  • HOA Fees
  • Taxes 6717
  • Taxes Year 2020